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OK, I was not clear with my qustion. But I read all three parts on stock splits and aquisitions, and still don't know the answer.

I have been accumulating MCI stock in ESPP in 95-96. Then, in 99, I bought 2 lots of SkyTel stock, one at below $20, one above $20. In October, 1999 SkyTel stock was exchanged into MCI stock at $20 per SkyTel share. Do I have to spread the cost basis for fractional shares, which were paid in cash, across both lots?

At the end of 99 MCI split 3:2. If I am to spread cost basis across all MCI shares, does it matter, that some of them long term, some - short term?
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